KRONES AG (KRN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KRN - DE0006335003 - Common Stock
142 EUR
+3 (+2.16%)
We assign a fundamental rating of 6 out of 10 to KRN. KRN was compared to 111 industry peers in the Machinery industry. While KRN has a great profitability rating, there are some minor concerns on its financial health. KRN has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KRN was profitable.
- In the past year KRN had a positive cash flow from operations.
- Of the past 5 years KRN 4 years were profitable.
- Each year in the past 5 years KRN had a positive operating cash flow.
1.2 Ratios
- KRN has a better Return On Assets (6.01%) than 74.78% of its industry peers.
- With a decent Return On Equity value of 14.28%, KRN is doing good in the industry, outperforming 76.52% of the companies in the same industry.
- The Return On Invested Capital of KRN (11.63%) is better than 85.22% of its industry peers.
- KRN had an Average Return On Invested Capital over the past 3 years of 10.37%. This is in line with the industry average of 9.21%.
- The last Return On Invested Capital (11.63%) for KRN is above the 3 year average (10.37%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.01% | ||
| ROE | 14.28% | ||
| ROIC | 11.63% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
1.3 Margins
- The Profit Margin of KRN (5.24%) is better than 61.74% of its industry peers.
- KRN's Profit Margin has improved in the last couple of years.
- KRN has a Operating Margin of 7.19%. This is comparable to the rest of the industry: KRN outperforms 56.52% of its industry peers.
- In the last couple of years the Operating Margin of KRN has grown nicely.
- KRN has a better Gross Margin (53.35%) than 70.43% of its industry peers.
- In the last couple of years the Gross Margin of KRN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.19% | ||
| PM (TTM) | 5.24% | ||
| GM | 53.35% |
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KRN is creating some value.
- KRN has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for KRN remains at a similar level compared to 5 years ago.
- The debt/assets ratio for KRN has been reduced compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of KRN is 0.01, which is an excellent value as it means it would take KRN, only 0.01 years of fcf income to pay off all of its debts.
- KRN has a Debt to FCF ratio of 0.01. This is amongst the best in the industry. KRN outperforms 100.00% of its industry peers.
- KRN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
- Looking at the Debt to Equity ratio, with a value of 0.00, KRN belongs to the top of the industry, outperforming 98.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.59
WACC7.33%
2.3 Liquidity
- KRN has a Current Ratio of 1.39. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
- KRN has a Current ratio (1.39) which is comparable to the rest of the industry.
- A Quick Ratio of 1.10 indicates that KRN should not have too much problems paying its short term obligations.
- KRN has a Quick ratio (1.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.39 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 16.20% over the past year.
- KRN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 96.42% yearly.
- Looking at the last year, KRN shows a quite strong growth in Revenue. The Revenue has grown by 8.15% in the last year.
- The Revenue has been growing slightly by 5.98% on average over the past years.
EPS 1Y (TTM)16.2%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%3.37%
Revenue 1Y (TTM)8.15%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%4.72%
3.2 Future
- KRN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.52% yearly.
- Based on estimates for the next years, KRN will show a small growth in Revenue. The Revenue will grow by 5.97% on average per year.
EPS Next Y13.97%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
EPS Next 5Y9.52%
Revenue Next Year7.23%
Revenue Next 2Y6.11%
Revenue Next 3Y6.12%
Revenue Next 5Y5.97%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 15.47, the valuation of KRN can be described as correct.
- Based on the Price/Earnings ratio, KRN is valued a bit cheaper than 79.13% of the companies in the same industry.
- When comparing the Price/Earnings ratio of KRN to the average of the S&P500 Index (27.21), we can say KRN is valued slightly cheaper.
- KRN is valuated correctly with a Price/Forward Earnings ratio of 12.86.
- Based on the Price/Forward Earnings ratio, KRN is valued a bit cheaper than the industry average as 68.70% of the companies are valued more expensively.
- KRN is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.47 | ||
| Fwd PE | 12.86 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KRN is valued a bit cheaper than the industry average as 71.30% of the companies are valued more expensively.
- KRN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.87 | ||
| EV/EBITDA | 7.15 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of KRN may justify a higher PE ratio.
- KRN's earnings are expected to grow with 12.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.11
PEG (5Y)0.16
EPS Next 2Y12.21%
EPS Next 3Y12.56%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.87%, KRN has a reasonable but not impressive dividend return.
- KRN's Dividend Yield is a higher than the industry average which is at 1.48.
- Compared to an average S&P500 Dividend Yield of 1.81, KRN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
- The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
- KRN pays out 28.35% of its income as dividend. This is a sustainable payout ratio.
- KRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP28.35%
EPS Next 2Y12.21%
EPS Next 3Y12.56%
KRONES AG / KRN.DE FAQ
What is the ChartMill fundamental rating of KRONES AG (KRN.DE) stock?
ChartMill assigns a fundamental rating of 6 / 10 to KRN.DE.
What is the valuation status for KRN stock?
ChartMill assigns a valuation rating of 5 / 10 to KRONES AG (KRN.DE). This can be considered as Fairly Valued.
What is the profitability of KRN stock?
KRONES AG (KRN.DE) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for KRN stock?
The Price/Earnings (PE) ratio for KRONES AG (KRN.DE) is 15.47 and the Price/Book (PB) ratio is 2.21.
What is the financial health of KRONES AG (KRN.DE) stock?
The financial health rating of KRONES AG (KRN.DE) is 6 / 10.